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: Traders work on the floor of the New York Stock Exchange (NYSE) on June 01, 2023 in New York City. Despite the passing the debt ceiling bill in the U.S. House of Representatives, the Dow was lower in morning trading.

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  • US stocks dropped Wednesday, with the Dow shedding nearly 350 points.
  • The sell-off follows Fitch's downgrade of the US debt rating late Tuesday. 
  • Wall Street remains skeptical of the downgrade, with Goldman Sachs shrugging it off.

US stocks dropped sharply Wednesday as investors reacted to a cut to the US debt rating and fresh job-market data.

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US stocks fall as Dow sheds nearly 350 points after Fitch credit-rating downgra…